Property History
SVN Commercial Partners, as exclusive advisor, is pleased to present for sale, Prospect Small Bay Industrial, 'the Property', a two building, small bay industrial property on .83 Acres in Oakland Park, Florida (Fort Lauderdale MSA). The Property consists of +/- 15,000 rentable square feet fully leased to 14-tenants, centrally located within the Central Broward Industrial submarket in Broward Country. The Property has approximately 8,500 SF of yard space with bay sizes of 600-1.800 SF and 10% office buildout in each bay. All tenants, but one are month- to-month with rents approximately 35% below market. The Property is located east of Interstate-95, and south of Commercial Blvd, with easy access and close proximity to major roads and highways. The Property is located about 20-minutes from the Fort Lauderdale International Airport with an abundance of industrial product and restaurants. Further, the Property is also in close proximity to DRVPNK Stadium, where Inter Miami and Superstar Lionel Messi plays. There has been a significant demand for Broward County industrial space, with positive absorption and decreasing vacancies creating strong market conditions to push the average asking rents even higher.
Small bay configuration ranging from 600-1800 SF bays
100% occupancy with significant upside in rental income
15 tenant bays with 20 ground level roll-up doors
Located on .83 Acres
Clear height of 12-14 feet
Almost all tenants are on month-to-month leases
Approximately 8,500 SF of yard space
Zoned I-1 (Light Industrial)
Loan History
Financial History
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Zoning
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